MEI Pharma signs $25M ATM equity facility, initially capped at $10.3M due to float limit

Lite Strategy, Inc.

Entered into Capital on Demand Sales Agreement with JonesTrading to sell up to $25M of common stock in ATM offerings.
Initial offering limit is $10.3M because public float is under $75M; may increase if float grows.
Also filed a universal Form S-3 registration statement for up to $100M in securities.
Agent commission is 3.0% of gross proceeds from shares sold under the agreement.
No assurance any shares will be issued; agreement can be terminated by either party.

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